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02-21-2007, 10:43 AM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,160 posts, read 5,297,780 times
Reputation: 1994
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Feeling rich?
Just curious, which of these make you feel more wealthy, the value of your home goes up or your wages go up?
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02-21-2007, 10:54 AM
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Compassionate Curmudgeon
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Join Date: May 2006
Location: Port St. Lucie and Okeechobee, FL
1,299 posts, read 1,423,684 times
Reputation: 818
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I can't spend any increase in the value of my home until I sell it; the increase is on paper, only.
Because I'm retired, I mentally translated your reference to "wages" as "income".
I still couldn't vote, because there are two answers that refer to income going up. My response would be, I might spend more if my income went up; it doesn't matter what happens to my house value. {edit} OK, I voted for wages going up and house value going down; that's the worst case scenario with regard to home value.
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02-21-2007, 10:59 AM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,160 posts, read 5,297,780 times
Reputation: 1994
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The word wages does refer to income, including retitrement, investment returns, anything taxable by IRS. Like you I agree, home values are nothing but air till sold, it's the money in my wallet that matters.
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02-21-2007, 12:49 PM
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Senior Member
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Join Date: Aug 2006
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 4,115,474 times
Reputation: 643
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This is why I voted for an increase in wage or income. Considering ill be buying an inexpensive house, even a 20% increase in the house value arent that much. Ill just get slapped with higher property taxes anyway. Plus it dont matter till I sell the house and its value can go back down. Wages I can invest with capital gains  |
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02-22-2007, 02:42 PM
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Senior Member
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Join Date: Nov 2006
2,759 posts, read 2,221,669 times
Reputation: 732
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missing one line
wages(salary in my case) increased by 25% and my home value increased bye 33%
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02-22-2007, 03:24 PM
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The Godfather
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Join Date: Mar 2006
Location: North Scottsdale, AZ
1,814 posts, read 2,364,767 times
Reputation: 824
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Quote:
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wages(salary in my case) increased by 25% and my home value increased bye 33%
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He was asking what makes you feel rich. You and I are not rich but what gives you the perception of feeling like you have $$$? |
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